Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 13 - Financial Analysis: The Big Picture - Exercises: E13-3

Answer

Galenti Inc Balance Sheets December 31, Increase (Decrease) during 2010 2010 2009 Amount Percent a) Current Assets 106,000 80,000 (26,000) b) Plant Assets (net) 400,000 360,000 40,000 c) Current liabilities 91,000 65,000 26,000 d)Long term liabilities 122,000 90,000 32,000 e)Common stock 1 dollars par 138,000 115,000 23,000 f)Retained earnings 155,000 170,000 (15,000)

Work Step by Step

a) 32.5% b) 11.11% c) 40% d) 35.55% e) 20% f) 8.82%
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